Real Estate Blog - Blog Archive: February, 2015

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February 2015

Found 2 blog entries for February 2015.

When I say out-perform, I guess I should start with a definition.  Out-perform what?  The most common answer is price.  We believe that Portland real estate prices will continue to rise, and at a pace of 1.5 to twice the historical norm.  We expect that most of that appreciation in 2015 will happen between now and the middle of the summer.   Sure there will be differences by neighborhood and at different price-points, and there are  significant timing considerations for folks that have a home to sell and buy.  If you know someone looking to make a move this year, why not put them in touch with us to receive a free consult?

A quick examination of some of the key numbers will help you understand why we expect a robust spring and summer for Portland real

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The Portland Regional Multiple Listing Service (RMLS) reported this week that total home sales and median and average sale prices followed the expected trends. The surprise was that new pending sales, i.e., homes that went into escrow under a sale contract, were the highest for any January since 2007. You can read the full January 2015 RMLS Market Action Report by clicking this link.

The other significant trend, and the one that makes us virtually certain that we will see rising home prices this spring, is that inventory continues to be very low. January's active listing inventory of 3.4 months was the lowest January since 2006, and far less than half the average of all the Januarys since 2003. Conventional wisdom holds that six months inventory

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